But there are cons with free business plan templates. Check out our best picks.] "The process of writing a business plan lets you personally find the kinks in your business and work them out.
Now, starting with an online template is a good start, but it needs to be reviewed and targeted to your market," said Attiyya Atkins, found of .
The website also breaks down each section and provides instructions on how to download and fill in the template.
Bplans' investor-approved business plan template has been used by Princeton University and Babson College to teach entrepreneurs how to start a business.
Plans are for Word, Excel, Open Office and Power Point, and can be downloaded directly from the website.
They also provide a business plan checklist to ensure you're including all the right information.
Each section includes instructions explaining the type of information you should enter.
In addition, the template includes a SWOT analysis and optional technology plan.
The template starts with an executive summary and then guides you through the other elements, including the financial plan, company overview and more.
There's also a step-by-step guide for writing a business plan, and Bplans provides a library of sample business plans to ensure you're on the right track.